From California, the Santa Monica Daily Press reports the City Council there is set to approve $9.2 million for a new manufactured home financing program. A maximum of 54 manufactured homes at the Mountain View Mobile Home Park, which can accommodate 105 homes, would be eligible for purchase under the …
BostonSF.com reports that Westchester Modular Homes of Greater Boston recently announced its plans to build a new, state-of-the-art showroom and sales center along the highly-traveled Route 1 in Saugus, MA, designed to introduce modular home construction to the North Shore and beyond. The new building is expected to be completed …
From Lewiston, Maine the Sun Journal reports that KBS Building Solutions, a leader in the modular home industry, has shut down its Waterford plant and laid off 25 workers in a move that is being called temporary. According to the report, the company will move 20 people from the Waterford …
Housingwire reports that Fannie Mae will open a mortgage help center for troubled borrowers in Dallas on Dec. 17. Centers have also been opened in Atlanta, Chicago, Los Angeles, Miami and Phoenix. The report says Dallas-Fort Worth foreclosure postings at local county courthouses reached nearly 64,000 in 2010, a record …
The Congressional Oversight Panel released its December oversight report this week, finding in the eight months since the Panel’s last report on the Home Affordable Modification Program (HAMP), that Treasury has made minor tweaks to the program, but the changes have not resolved the Panel’s core concerns. The Panel now …
From Iowa, KCRG reports that a crowd of a few hundred people recently attended a Johnson County Board of Supervisors meeting, nearly all of them rural residents opposed to a proposed property maintenance code. According to the report, the code is aimed at giving the county the power to require …
Rural Iowa Residents Voice Opposition to Property Code Read More
The Dow closed up 18 points—one sixteenth of one percent— Monday, but had been up as much as 50 point earlier in the day. The Manufactured Housing Composite Value once again rose more than the Dow with a 3.63 percent gain. Helping to bring those averages up was Skyline Corporation, …
The Manufactured Housing Association for Regulatory Reform (MHARR) says the past decade has seen the Department of Housing and Urban Development (HUD) and its manufactured housing program ignore, evade or circumvent both the broad transformative purposes of the Manufactured Housing Improvement Act of 2000. This has had a devastating impact …
MHARR Outlines “Disastrous” Consequences in Letter to HUD Read More
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The Manufactured Housing Institute’s actual shipments report indicates that 3,841 new HUD Code homes were shipped in October 2010, down 15.7 percent from October 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared with the same month last year. Compared with 2009, manufactured …
Last week, President Obama announced that the Administration and congressional Republicans had arrived at a “bipartisan agreement” to extend Bush-era tax cuts for two years, jobless benefits for 13 months, and other tax incentives to support business expansion. The Manufactured Housing Institute reports the compromise measure includes an extension of …
MHI Urges Congress to Enact Middle Class Tax Cut Bill Read More
Also from the Manufactured Housing Institute Week in Review, FEMA’s National Disaster Housing Task Force has just published its Concept of Operations (CONOPS), which describes the Federal coordination of disaster housing assistance preparation in response and recovery. A public teleconference will be held on December 15 from 1:00 p.m. to …
FEMA Announces Teleconference on National Disaster Housing Concept Paper Read More
From Alabama, AL.com reports that a town formed in 2009 to stave off annexation may be unraveling due to a controversy over manufactured homes. About five months ago, at the height of the Gulf Oil Spill, more than three dozen neighbors petitioned to secede from the town limits. The catalyst …
Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB’s survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second …
From Massachusetts, Wicked Local Carver reports that some manufactured home owners there may be able to keep their sheds free of additional assessment. Residents of Cranberry Village were warned the town wanted to add the value of sheds and outbuildings to the community’s overall assessment. A petition lead to legislation, …
Massachusetts Community Gets Reprieve from Shed Tax Read More
The Dow rose more than 40 points Friday on news of an increase in consumer confidence. While that amounts to an increase of about a third of one percent for the Dow, the Manufactured Housing Composite Value was up more than six percent. Companies contributing to a day in the …
From California, SignOnSanDiego.com reports that residents of the 76-acre De Anza Cove Mobile-Home Park (a mixed community including manufactured homes) have reached a $3.6 million settlement with the city of San Diego for the poor treatment they received from a property management company hired by the city. The property-management company …
Community Residents Receive Settlement After Harsh Actions by Management Read More
Provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act will bring about the transfer of oversight on the SAFE Act from HUD to the newly-created Bureau of Consumer Financial Protection (CFPB) in July. That brings to light several issues, including competing definitions of a mortgage originator in the SAFE …
From the Lone Star State, the Courier of Montgomery County reports that a plan to build a manufactured home subdivision next to their neighborhood, the residents of Conroe’s Lincoln Heights went before the City Council seeking a meeting with city officials and developer Leo Hewett. The homeowners have expressed concern …
Texas Community Worries about Impact of Property Values Read More
T.J.T., Inc, a major supplier of axles, tires, and set-up supplies to the manufactured housing industry, announced a net loss of $1,535,000, or $.34 per diluted share, for fiscal year 2010. Net sales declined 23 percent in the final quarter of fiscal 2010 as compared to the same quarter in …
